Property Insurance Trend

[gregb]

Posted by Denis elsewhere-

 

[Terrel L. Shields]

I would say much of that relates to local building costs and home prices. Here our building costs have almost doubled since 2018 and insurance for my own place is up about 40%. Most insurance claims are not total losses here. We have wind, hail and tornado damage. House fires are down the list and wildfires like CA suffers, are rare indeed.